Cable has pushed its recovery envelope from a post-UK retail sales data London morning low of 1.9547 to-and-through 1.9600 on the back of the disclosure that there was an $11.0bn TIC outflow in December. This compared to a $70.5bn inflow in November.
1.9600+ resistance levels are located at 1.9622 (today's Asian session base), 1.9650 (today's Asian session peak), and 1.9680. One-week highs just shy of 1.9680 were notched in early European trade, prior to the unveiling of very weak UK January retail sales figures.
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